A new partnership between the University of Liverpool’s VEC (Virtual Engineering Centre), Liverpool John Moores University (LJMU) and Edge Hill University has launched to support business innovation across the Liverpool City Region.
The new £5.1m Horizons programme, funded by the Liverpool City Region’s £44m UK Shared Prosperity Fund (UKSPF) allocation, will support more than 100 SMEs in its pilot phase. The partnership aims to deliver industry-leading innovations across six boroughs, providing the expertise, facilities, and funding businesses need to drive innovation.
SMEs accessing the support, via a streamlined paperless process, can also apply for capital grant funding to further accelerate innovation, drive long-term success across communities and businesses, and support the upskilling of their people.
Horizons has received £3.7 million from the UK Government through the UK Shared Prosperity Fund with the Liverpool City Region Combined Authority as the lead authority.
The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit UK Shared Prosperity Fund: prospectus – GOV.UK (www.gov.uk)
Horizons is delivered in partnership by the University of Liverpool’s VEC, Liverpool John Moores University and Edge Hill University.